The New York City Municipal Water Finance Authority intends to issue $535 million of refunding bonds in two upcoming sales, subject to market conditions.
New York Water plans a $200 million sale of first resolution, fixed-rate tax-exempt refunding bonds competitively on Feb. 25, according to an authority spokesman. The agency also plans to price $335 million of second resolution tax-exempt refunding bonds on March 1 following a one-day retail period.
The authority will use its underwriting syndicate with Citigroup the book-running senior manager. Barclays Capital, Ramirez & Co. and Raymond James Inc. will be co-senior managers.
New York Water finances the capital projects required to manage city drinking water and for safe wastewater and stormwater treatment.
